M&A Deal Summary

Balfour Acquires Educational Communications

On April 3, 2001, Balfour acquired publishing company Educational Communications from Castle Harlan

Acquisition Highlights
  • This is Balfour’s 1st transaction in the Publishing sector.
  • This is Balfour’s 1st transaction in the United States.
  • This is Balfour’s 1st transaction in Texas.

M&A Deal Summary
Date 2001-04-03
Target Educational Communications
Sector Publishing
Buyer(s) Balfour
Sellers(s) Castle Harlan
Deal Type Add-on Acquisition

Target

Educational Communications

Austin, Texas, United States
Educational Communications Inc. publishes Who's Who Among American High School Students, The National Dean's List and Who's Who Among America's Teachers.

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Buyer(S) 1

Buyer

Balfour

Dallas, Texas, United States
Category Company
Sector Consumer Products
DESCRIPTION

Balfour is a manufacturer of customized products including jewelry, class rings, championship rings, and graduation announcements for high schools and universities across the country.

DEAL STATS #
Overall 1 of 4
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-23 Milestone Traditions

Exton, Pennsylvania, United States

Milestone provides products of tradition for universities, colleges and high schools including class rings, alumni association watches, graduation announcements, custom regalia and other school affiliation products. Milestone markets its commemorative products directly to students and alumni.

Buy -

Seller(S) 1

SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 7 of 38
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 4 of 17
State (Texas) 1 of 5
Country (United States) 7 of 30
Year (2001) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 ravoTech Engineering PVT.

Duluth, Georgia, United States

Gravograph New Hermes ("Gravograph") is the global leader in machines (laser, mechanical and computer-controlled), consumables, software, and services for the engraving and permanent marking industry. For over 50 years the Group has capitalized on its ability to develop equipment, software, materials, training and technical services to provide engraving customers with complete solutions

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-22 McCormick and Schmick

Portland, Oregon, United States

McCormick and Schmick Restaurant Corp. owns and operates 34 full-service, casual dining seafood restaurants located in 15 states. McCormick and Schmick restaurants specialize in serving fresh seafood at moderate prices in a classic atmosphere. The Company also manages a catering operation in several locations.

Buy $123M
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